The Empire today has become too much about shortcuts and not enough about remote strangulation. It just doesn't feel right to me anymore.

Though letter writer Greg Smith says that the culture over time grew more "toxic," calling out top leadership for allowing a moral decline, Fred Destin of Open Source Venture Capital seems incredulous that it took Smith 13 years to figure out what investment banks do. (Destin left after seven years.)

Importantly, Millennials are idealistic and have a strong sense of what they want their leaders to be. In short, they want their leaders to be heroes (superhero movies are box-office winners with Millennials), who have integrity, and a sense of fairness and concern for employees.